5210 PAPAYA DRIVE
About This Property
This area is Flood Zone X, so you won't have to raise the elevation at build time and flood insurance won't be required. There is no HOA or deed restrictions to comply with, just county building codes for single-family homes.
Located outside of the busy center of town, this property is still close to everything Punta Gorda has to offer, including amazing restaurants, boutique shopping, art galleries, parks for festivals, and a vibrant waterfront. Being close to an entrance to I-75 provides easy access to the entire Southwest Florida area.
The owner is also selling another single lot on the same block.
BUYER TO CONDUCT THEIR OWN DUE DILIGENCE AND VERIFY ALL INFORMATION, INCLUDING ZONING, BUILDABILITY, ROAD ACCESS, UTILITIES, FLOOD ZONE, DEVELOPMENT REQUIREMENTS, AND COUNTY REGULATIONS, WITH THE APPROPRIATE AUTHORITIES.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 17, 2026 | Listed by PALM PARADISE REALTY GROUP | $13,000 | |
| Listed by PALM PARADISE REALTY GROUP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017